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Stephens City posts $159,878 in reported revenue for period; net position $28,390
Summary
Town Treasurer Steve Rickards presented revenue and expenditure figures showing total revenue of $159,878.77 for the reporting period, expenditures of $131,488.25 and a net position of $28,390.52; bank balances and utility receipts were listed in the packet.
Town Treasurer Steve Rickards presented the town's financial packet for the reporting period covering Nov. 1'Nov. 30, 2018. The packet lists total revenue of $159,878.77, total expenditures of $131,488.25 and a total net position of $28,390.52. Line-item receipts included restaurant meals tax ($12,462.23), state sales tax ($12,334.30), lodging tax ($4,309.42) and utility receipts. Reported utility receipts included water $12,169.65 and sewer $29,802.39 for the period.
The packet also listed bank balances across accounts, with total cash on hand shown as $661,784.55. Treasurer Rickards told council members that the Newtown Heritage Festival committee had raised $2,400 in donations so far and that public-works staff were preparing lighting and wreaths for the upcoming Hometown Christmas event.
The minutes record acceptance of committee minutes and the financial reports in the packet; no new appropriations, budget amendments or council votes on expenditures are recorded for the meeting.
